GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Performance
GC=F vs. FXA - Performance Comparison
Returns By Period
In the year-to-date period, GC=F achieves a 30.49% return, which is significantly higher than FXA's -3.07% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 7.45%, while FXA has yielded a comparatively lower -2.13% annualized return.
GC=F
30.49%
-1.93%
15.26%
35.15%
11.47%
7.45%
FXA
-3.07%
-2.39%
-0.63%
1.12%
-0.51%
-2.13%
Key characteristics
| GC=F | FXA | |
|---|---|---|
| Sharpe Ratio | 2.29 | 0.10 |
| Sortino Ratio | 2.92 | 0.21 |
| Omega Ratio | 1.42 | 1.02 |
| Calmar Ratio | 4.04 | 0.03 |
| Martin Ratio | 11.98 | 0.28 |
| Ulcer Index | 2.69% | 3.17% |
| Daily Std Dev | 14.24% | 8.59% |
| Max Drawdown | -44.36% | -40.97% |
| Current Drawdown | -3.49% | -32.17% |
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Correlation
The correlation between GC=F and FXA is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.41% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 3.16%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.